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Why brexiters aren't dumb >> NO EMERGENCY BUDGET watch

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    (Original post by pol pot noodles)
    Also add the fact that loads of countries, including the United States, are coming out and saying actually you won't be back of the queue for trade deals after all.
    When did they say that?

    All Obama said is that the UK is an important trading partner or something like that.
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    Well, there will be a recession/cut in growth by the end of this year or next.

    The UK has a large deficit and the previously important foreign inflows will dry up. So it will make cuts necessary. So whatever Hammond wants to call it is really irrelevant.

    Sterling is currently undervalued which will help exports but I don't see exports being able to make up for the above.
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    (Original post by gladders)
    That remains to be seen. The EU has made it clear Single Market access requires full adherence to laws the EU makes, and freedom of movement. Do you know something we don;t?



    Wonderful, we reduce immigration by bleeding ourselves white.



    What information are you basing this all on? Seriously? Is it just your personal gut?
    Has your prices gone up since leaving? No.
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    (Original post by ckfeister)
    Has your prices gone up since leaving? No.
    It's been mere weeks, you moron. You think the Wall Street Crash hit people by Christmas 1929?

    It's already been made clear that energy prices are going up by at worst £200 a year, too.
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    (Original post by gladders)
    It's been mere weeks, you moron. You think the Wall Street Crash hit people by Christmas 1929?

    It's already been made clear that energy prices are going up by at worst £200 a year, too.
    Wages will rebalance.
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    (Original post by ckfeister)
    Wages will rebalance.
    And pigs might fly. You have about as much intellectual depth as a Flat Earther.
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    (Original post by gladders)
    And pigs might fly. You have about as much intellectual depth as a Flat Earther.
    You don't think because UK value of pound has gone down wages will increase as its less competitive now? Silly, go and learn common sense economics.
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    (Original post by ckfeister)
    You don't think because UK value of pound has gone down wages will increase as its less competitive now? Silly, go and learn common sense economics.
    As I already said, any perceived benefit of increased wages will be years ahead. In the meantime, we will all suffer. Your logic is akin to saying it's okay if we all starve today because next week there's dry bread and water for breakfast.
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    (Original post by gladders)
    As I already said, any perceived benefit of increased wages will be years ahead. In the meantime, we will all suffer. Your logic is akin to saying it's okay if we all starve today because next week there's dry bread and water for breakfast.
    Silly, read the news.
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    (Original post by ckfeister)
    Silly, read the news.
    You mean those economists which were dismissed during the referendum as incompetent and scaremongering? Why do you suddenly decide they are worth listening to?

    Is it because you admit that your method of approaching facts is to accept those which conform to your viewpoint in advance, and ignore inconvenient ones?
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    (Original post by pol pot noodles)
    Also add the fact that loads of countries, including the United States, are coming out and saying actually you won't be back of the queue for trade deals after all. The Remain camp are ranting about apparent lies from Leave, but they told more than their fair share of porkies.
    Nobody actually said that. The US Ambassador reiterated what Obama said recently.
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    (Original post by Fullofsurprises)
    :rofl:

    I assume they do actually need one but Hammond has advised not doing it because it would "make it seem like it's an emergency".

    You really couldn't make up the situation we are in, it's too ripe for mere fiction.
    If there is a need for an "emergency" budget it is far too early to tell, in fact by the time it's clear it will be nearly time for a regular budget anyway. There is no point in having an emergency budget and creating an emergency just on the off chance

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    (Original post by DorianGrayism)
    When did they say that? All Obama said is that the UK is an important trading partner or something like that.
    (Original post by Sisuphos)
    Nobody actually said that. The US Ambassador reiterated what Obama said recently.
    U.S. Trade Representative Michael Froman has stated the USA is now open to the idea of the UK joining TPP as one of numerous options on the table. Also the state of Indiana went out it's way to publish adverts stating, to them atleast, the UK will not be back of any queues.
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    (Original post by pol pot noodles)
    U.S. Trade Representative Michael Froman has stated the USA is now open to the idea of the UK joining TPP as one of numerous options on the table. Also the state of Indiana went out it's way to publish adverts stating, to them atleast, the UK will not be back of any queues.
    Ok. That just means that they will do a free trade deal with us. I don't think they ever denied that. Having said that, it is an excellent trade deal to join. Whether we will agree to let all US farming products be untariffed...I am not so sure.

    One state? Not even a rich or important state for that matter.
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    We all knew the emergency budget was a con, no surprise here then.
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    (Original post by gladders)
    You mean those economists which were dismissed during the referendum as incompetent and scaremongering? Why do you suddenly decide they are worth listening to?

    Is it because you admit that your method of approaching facts is to accept those which conform to your viewpoint in advance, and ignore inconvenient ones?
    Who said all brexiters ignored them? Most of them lied and they know it.
    Why is it that IMF said UK would be worse off by 5.4% then later changing the word to your growth would be 5.4% lower in next 5 years due to leaving EU? Hm? Big difference from -5.4% of GPD to loosing 5.4% of growth for leaving.
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    (Original post by ckfeister)
    'No emergency Budget' - Hammond http://bbc.in/29EOg50

    "

    Speaking to BBC Breakfast, Chancellor Philip Hammond insists there will be "no emergency Budget".
    He says that "in the short term" the Leave vote "came as a surprise to the markets... a surprise to business and therefore it's rattled confidence. It's caused people to put plans on hold while they wait to see how things clarify."
    He says the government's job is "to stabilise and support the economy through the coming months in order to help that confidence to be restored as soon as possible".
    He adds: "I'm going to sit down with the key figures in the UK economy, like the governor of the Bank of England, look at the situation we face [and] make some carefully considered decisions over the summer and we'll have an autumn statement in the normal way".
    "


    >> Brexiters was called stupid
    Hammond has been Chancellor for, what, less than a day? It seems a little hasty for him to say that there shouldn't be an emergency budget.

    Not sure what a lack of an emergency budget would prove though.
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    (Original post by ZeroFree)
    Hammond has been Chancellor for, what, less than a day? It seems a little hasty for him to say that there shouldn't be an emergency budget.

    Not sure what a lack of an emergency budget would prove though.
    Maybe because he knows it is rubbish? Maybe he wants to actually restore confidence in the economy instead of panicking and scaremongering like you remainers always do.
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    (Original post by DorianGrayism)
    Ok. That just means that they will do a free trade deal with us. I don't think they ever denied that. Having said that, it is an excellent trade deal to join. Whether we will agree to let all US farming products be untariffed...I am not so sure.

    One state? Not even a rich or important state for that matter.
    The point is it's a complete contradiction to his earlier stance, which was the USA is not interested in negotiating with the UK if it is outside the EU. Now it's, actually we kind of are.

    It is one state, but it is highly important to the UK, we have loads of business interests over there especially in manufacturing. It's specifically said the UK will be front of the queue, not even not just not at the back (and a clear dig at Obama). It's an encouraging sign certainly and I expect there will be more of the same in the future.
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    (Original post by pol pot noodles)
    The point is it's a complete contradiction to his earlier stance, which was the USA is not interested in negotiating with the UK if it is outside the EU. Now it's, actually we kind of are..
    No. he didn't say that.

    "We're not particularly in the market for FTAs [free trade agreements] with individual countries. We're building platforms that other countries can join over time."

    So the fact he is allowing the UK to be part of the TTP is completely consistent with his previous remarks. There is no single nation bilateral deal.

    http://www.telegraph.co.uk/news/worl...rade-deal.html


    (Original post by pol pot noodles)
    It is one state, but it is highly important to the UK, we have loads of business interests over there especially in manufacturing. It's specifically said the UK will be front of the queue, not even not just not at the back (and a clear dig at Obama). It's an encouraging sign certainly and I expect there will be more of the same in the future.
    Like I said before, it is one state.

    If you said that the Pence was to become VP and the UK would be at the front then that might make some sense.
 
 
 
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